Tesco (LSE:TSCO) shares have performed tremendously over the past five years, roughly doubling the FTSE 100‘s return. But the supermarket stock has pulled back by approximately 8% in the past month.

Does this leave Tesco attractive from a dividend and share price target perspective? Let’s take a look at the latest broker forecasts.

City’s view

The average 12-month share price target among 12 City analysts is currently 491p. That’s only around 6% higher than the present price, suggesting Tesco might be fairly valued.

Encouragingly though, the 15 brokers giving the stock a rating in the past three months have it down as a Buy. Five rate it a Hold, none a Sell.

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